This property looks like a bad Mid-Term investment with a projected -18.16% first-year return on $249k initial cash invested.
-18.16%
Cash On Cash
2.14%
Cap Rate
0.35
DSCR
$4,376
Rent
-$3,765
Cashflow
Cash Flow
$4,376 income − $8,141 expenses = $3,765 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$220k
Closing costs
1%
$10,990
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,376
Total Expenses
$8,141
Mortgage P&I
127%
$5,550
Property Taxes
16%
$694
Home Insurance
9%
$385
HOA
1%
$25
Property Management
12%
$525
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481